Clearwater International Spain has advised private equity firm Corpfin Capital on its acquisition of a majority stake in Grupo Barna. Grupo Barna is a leader in the B2B markets of fishmeal and fish oils, both for animal feed purposes (predominantly aquaculture and pet food) as well as human consumption products including proteins, and omega 3.
Grupo Barna operates production plants in Mundaka and Santoña (Northern Spain), and will open its next plant in Senegal. Simultaneously with the entry of Corpfin, Grupo Barna has acquired 100% of a fish protein hydrolysate plant in Andalusia. This is the only plant of its kind in Spain, possessing the most advanced technology in the field. Following this double transaction, Grupo Barna becomes the leading company in the sector in Southern Europe.
Clearwater International has advised Corpfin Capital in both purchase processes. The team was led by Partner Francisco Gómez and Director Vicente Orts.
In addition to this transaction, Clearwater International Spain has completed other transactions in this sub-sector including: the MBO of Iberchem, the acquisition of Nutrafur by Frutarom, the MBO of Secna, the acquisition of Tecno Bakery by Lesaffre, the sale of Probelte Biotech to Euromed, and the acquisition of Colnatur by Ordesa.